1. Click Pay Types > New Deduction or
    Click Pay Types from the Side Bar, Navigate to Pay Type, click on the drop-down menu and change to Deduction then click New.
  2. In Description, enter Loan Repayment.
  3. In Deducted by, select Per Lump Sum
  4. Leave Amount ( $ or % ) empty.
  5. Select Variable Deduction Amounts from Employees
  6. Leave STP Code as Not Set
  7. Select FBT.
  8. Select Factor of 1.8868: Benefit provider is not entitled to claim GST credits
  9. Select Type.of Loan
  10. Click Save then Exit.
Revision: 2
Last modified: Jan 06, 2023